M+E Connections

Streaming applications developer 24i Media has acquired multiscreen video platform provider Vigour, giving Amsterdam-based 24i a boost in its OTT multiscreen solutions technologies, the company announced March 28. Terms of the deal were not disclosed.

“Reaching consumers regardless of the devices they use is crucial in securing their long-term business. The more devices they use, the more hours of content they will consume, and the more value they will gain from their subscription. In pursuit of these goals, the rate of innovation has accelerated considerably over the last few years,” said Martijn Van Horssen, CEO of 24i Media. “Our acquisition of Vigour strengthens our ability to lead this innovation curve and provide attractive, cutting edge applications that empower our customers to deliver immersive experiences for their subscribers across any device.”

For 24i, the acquisition boosts not only its video application technology, but also its international market share and its team of talent, with many of Vigour’s employees coming over. 24i will show off its module-based technology framework for broadcasters, operators and media companies who want to launch personalized streaming services at the NAB Show, booth SU9301CM, April 9-12.

“Our platform is like a giant box of Lego, where customers can build their own apps with our state-of-the-art components, or they can purchase a fully completed package,” Martijn added.

“This is a tremendous step forward for 24i and our growth as a company. Bringing together our two companies ties directly to 24i’s strategy to deliver valuable outcomes to our customers and to extend our leadership in the rapidly expanding market for personalized cloud TV and video app technology. Together, our strong engineering talent, leading technology and deep video app expertise will unlock incredible innovation, choice and value for customers around the world. We warmly welcome the Vigour team and its leading technology expertise to 24i,” Martijn said.

Ramon Duivenvoorden, CEO at Vigour Duivenvoorden, added: “At Vigour we have always worked from vision and content. We are enormously driven by innovation to push the boundaries in the way we deal with technology and media in our daily lives. The acquisition by 24i offers us the opportunity to pursue this shared vision together with much more power, resources and scope.”